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VFS / EV maker VinFast to go public in US via SPAC deal

VinFast LLC, a Vietnamese maker of electric vehicles (EV), announced on Friday that it will list in the US through a merger with special purpose acquisition company (SPAC) Black Spade Acquisition Co (BSAQ). Last month, the start-up EV company said it had received new funding commitments worth $2.5 billion from its parent company Vingroup, which was founded by Pham Nhat Vuong, Vietnam's first billionaire and the country's richest man. Read More

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Posted: May 12 2023, 10:01

Author Name: Proactive Investors

VFS News

By Yahoo Finance
October 24, 2023

VinFast stock down 75% since IPO

Shares of Vietnamese EV maker VinFast (VFS) have plunged over 75% since its public debut in August. With pledges from multiple countries to reduce or

By InvestorPlace
October 23, 2023

VinFast Auto (VFS) Stock Just Hit a New 52-Week Low

Shares of Vietnamese electric vehicle (EV) manufacturer VinFast (NASDAQ: VFS ) stumbled to a fresh 52-week low amid severe viability concerns. While t

By The Motley Fool
October 23, 2023

Why VinFast Auto Stock Crashed 11% Today

VinFast Auto is selling stock to an underwriter, which plans to resell it. As many as 100.8 million new shares could soon begin trading.

By The Motley Fool
October 20, 2023

Why VinFast Auto Stock Plunged More Than 30% to an All-Time Low This Week

VinFast Auto's low free float had already made it a highly volatile stock. The electric vehicle maker has been raising more money to fund its operatio

By InvestorPlace
October 20, 2023

VFS Stock Alert: VinFast Announces $1 Billion Share Deal With Yorkville

VinFast (NASDAQ: VFS ) stock is on the move Friday after the electric vehicle (EV) company announced a massive $1 billion share deal with Yorkville. A

By Barrons
October 20, 2023

VinFast Stock's Wild Ride Continues After $1 Billion Funding Deal

Shares have been whipsawed by the news.

By Market Watch
October 20, 2023

EV maker VinFast's stock bounces off record low after equity funding agreement of up to $1 billion

Shares of VinFast Auto Ltd. VFS, -4.69% bounced 1.8% in premarket trading Friday, after the Vietnam-based electric vehicle maker announced a equity-fu

By Reuters
October 20, 2023

EV maker VinFast strikes shares deal with Yorkville for up to $1.0 bln

Vietnamese electric vehicle (EV) maker VinFast said on Friday it has entered into a share subscription of up to $1 billion with U.S.-based fund Yorkvi

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